CUET Accountancy - The following are the features of the Dissolution of Partnership: (A) Assets and liabilities are revalued, and a new balance sheet is drawn. (B) Economic relationships between partners continue, though in a changed form. (C) The business is not terminated. (D) The books of account are closed. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Partnership

Medium

common

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: Drop

Related questions:

27 May Shift 2

On the happening of certain contingencies, Subject to contract between the partners, a firm is dissolved ,

(A) if constituted for a fixed term, by the expiry of that term.

(B) If constituted to carry out one or more ventures, by the completion thereof.

(C)by the death of a partner

(D) by the adjudication of a partner as an insolvent

Choose the correct answer from the options given below:

30 May Shift 1

Unrecorded liabilities when paid are shown in:

3 June Shift 2

At the time of dissolution, if an asset is taken over by a partner, what journal will be recorded in the books of the firm :-

CUET Accountancy 2025 3 June Shift 2 PYQs